Wintrust Financial Corporation (WTFC) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 6.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,677 shares of the bank’s stock after acquiring an additional 8,094 shares during the period. Russell Investments Group Ltd. owned 0.24% of Wintrust Financial worth $10,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of WTFC. Aperio Group LLC grew its stake in Wintrust Financial by 11.4% during the second quarter. Aperio Group LLC now owns 8,147 shares of the bank’s stock valued at $623,000 after acquiring an additional 836 shares in the last quarter. Strs Ohio grew its stake in Wintrust Financial by 24.3% during the second quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $665,000 after acquiring an additional 1,700 shares in the last quarter. World Asset Management Inc grew its stake in Wintrust Financial by 9.6% during the second quarter. World Asset Management Inc now owns 3,538 shares of the bank’s stock valued at $270,000 after acquiring an additional 311 shares in the last quarter. Sei Investments Co. grew its stake in Wintrust Financial by 14.2% during the second quarter. Sei Investments Co. now owns 82,385 shares of the bank’s stock valued at $6,297,000 after acquiring an additional 10,262 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Wintrust Financial by 7.8% during the second quarter. Retirement Systems of Alabama now owns 71,753 shares of the bank’s stock valued at $5,485,000 after acquiring an additional 5,201 shares in the last quarter. 91.71% of the stock is owned by institutional investors.

In related news, insider Thomas P. Zidar sold 3,178 shares of Wintrust Financial stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $80.00, for a total transaction of $254,240.00. Following the completion of the transaction, the insider now directly owns 31,239 shares of the company’s stock, valued at approximately $2,499,120. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ingrid S. Stafford sold 1,405 shares of Wintrust Financial stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total transaction of $113,285.15. Following the transaction, the director now directly owns 20,746 shares of the company’s stock, valued at $1,672,749.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is owned by corporate insiders.

Wintrust Financial Corporation (WTFC) opened at $86.46 on Tuesday. Wintrust Financial Corporation has a 52 week low of $64.14 and a 52 week high of $86.64. The company has a market cap of $4,673.51, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. During the same period last year, the company posted $0.92 EPS. The business’s revenue was up 9.0% on a year-over-year basis. sell-side analysts anticipate that Wintrust Financial Corporation will post 4.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.65%. Wintrust Financial’s dividend payout ratio is presently 13.43%.

A number of equities analysts have commented on WTFC shares. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. SunTrust Banks reissued a “hold” rating and issued a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Jefferies Group reissued a “hold” rating and issued a $80.00 price objective on shares of Wintrust Financial in a research note on Friday, August 11th. Hovde Group reissued a “market perform” rating and issued a $80.00 price objective (up from $76.50) on shares of Wintrust Financial in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.50.

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Wintrust Financial Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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